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S eBook eferences At the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts is $570 (credit) before adjustment. The balance of

S eBook eferences At the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts is $570 (credit) before adjustment. The balance of Accounts Receivable is $23,500. The company estimates that 12% of accounts will not be collected over the next year. What adjusting entry would Mercy Cosmetics record for Allowance for Uncollectible Accounts? (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet
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Al the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts is $570 (credil before adjustment. The balance of Accounts Receivable is $23,500. The company estimates that 12% of accounts will not be collected over the next year. What adjusting entry would Mercy Cosmetics record for Allowance for Uncollectible Accounts? (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the adwasting entry for Allowance for Uncollectible Accounts

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